Permian Resources is one of the largest independent oil and natural gas companies focused exclusively on the Permian Basin. Founded in 2022, the company operates as a pure-play exploration and production (E&P) company specifically concentrated in the Delaware Basin. It is the second-largest pure-play E&P operator in the Permian Basin, with a net leasehold position of approximately 480,000 acres.
The company's operational footprint spans key counties in Texas and New Mexico, including Reeves County, Ward County, Eddy County, and Lea County. Its headquarters are located in Midland, Texas, placing it at the center of one of the most prolific oil-producing regions in the United States.
Permian Resources emphasizes disciplined capital allocation, operational excellence, and a conservative financial policy. The company's strategy is focused on generating strong cash-on-cash returns and delivering shareholder value, supported by a commitment to environmental stewardship in its operations.
